European Parliament report, “Green Money: Reclaiming Quantitative Easing” informed the World what’s the Paris Agreement, Climate Action, Climate Change and carbon tax are all about. The report’s subtitle makes their intent perfectly clear -“Money Creation for the Common Good”
The initiatives were all formed as a direct result of the European Parliament report, “Green Money: Reclaiming Quantitative Easing”. Initiatives were made to save the insolvent Germany EU. The report states that the EU is the sole beneficiary of these money making schemes. All are being used to obtain $billions for the Germany EU under false pretenses. EU Parliament report states:
Europe’s economies have still not recovered from the 2008 financial crash. Austerity policies have failed to secure prosperity and employment opportunities, despite some success in calming the finance sector.
However both the EU and member state governments
have generally proved very reluctant to use significant
government spending on public services, infrastructure,
or welfare benefits as a way out of the crisis. Amongst
the consequences, we still see disastrously high rates of
unemployment in many EU countries, with figures for
Spain and Greece around 25%.
Looked at a different way, this continuing economic crisis could also be seen as an opportunity. The immediate need for economic revival should be put together with the more long-term need to restructure economies to fit them for what has been called “the great transition” – the historic shift from carbon-intensive and resource-intensive industrial production to smarter and greener ways of working and living. …
Proposal 3: The green QE programme operated by the EIB should be funded through the creation of new money by the ECB, together with the central banks of EU states outside the Eurozone.
Perhaps the most politically sensitive question about green QE is where the money would come from. This is in some ways a strange topic, because currently most money is created by banks, which do so without any direct political control over that activity, with their own profit-making objectives in mind rather than any obligation to serve society as a whole. A change in this situation, establishing public control over money creation, would of course not abolish the need to be wary about adding to inflation through creating additional money on an excessive scale: the power to create money has to be used responsibly. This raises some general and larger questions about debt, credit, and the creation of money, which will not be pursued here, although they have become increasingly controversial and relevant following the 2008 financial crash. …
The obvious principal body for the purpose of creating the money necessary for green QE is the European Central Bank, working alongside the central banks of the EU member states outside the Eurozone (which include those of the UK, Sweden, and Poland).
… Green QE is a practical plan to tackle both finance and the global environment together. Doing so would create a more stable, secure and prosperous Europe.